Status of Women committee  The crisis revealed these cracks, but it didn't cause them. It's systemic in the way these plans have been managed. Corporations don't want defined benefit plans, and you can see that by the way they steer away from them. They don't want the liability and they don't see any benef

Status of Women committee  I'll be happy to comment. You've opened the right door.

Status of Women committee  I think we should all be looking at that and considering other methods of improving the predicament of these people. In terms of this discussion about the rich and the poor, of course I'm well aware of some people who don't worry about a pension plan or their RRSP. They have mo

Status of Women committee  The only real protection you have is the health of the company itself. I think the circumstances with Nortel, General Motors, and others have indicated this. The concern I have is that there is a different attitude in the Canadian corporate world than there used to be. I could

Status of Women committee  I would like to add that there are some myths. First of all, from the tone of this I get that we're worried about the cost, and I have to give you my own example. I'm 78 and I've been retired for 24 years. I can tell you that looking at the pension plans and their performance, I

Status of Women committee  I would add that the proposed expanded universal plan, the expanded CPP, would save additional money in payouts from GIS, as it has done. Canada, right now, ranks among the lowest participants in the world for supplementary plans like we have, because we have the CPP and other pr

Status of Women committee  Yes, that's correct. I would add to the list that the CLC mentioned that pensioners should be there.

Status of Women committee  May I add a point there? The reason to—

Status of Women committee  Okay, that's all I need. Mr. Dussault pointed out the reason why you need a summit. If we knew at that time and we were involved at that time when that decision was made, I think it would have been a different decision.

Status of Women committee  Thank you for inviting me to represent CARP. Just to clarify Mr. Dussault's position, he is here as our assistant. He's our expert, and I'll describe him a little bit more to you as we go along. I'm Dan Braniff. I'm an unpaid volunteer and chair of the Georgian Bay chapter of

Status of Women committee  We'll share.